One of Swedens most shorted stocks is performing really well and still follows my idea of a potentially bullish continuation.
We have reached a price range where it will be decided whether or not we continue upwards. There´s a high likelihood of the price retracing from the 50% or 61.8% retracement (orange color). We will have to observe if it is a bearish or bullish move down when it happens.
As of now the current move up looks very bullish!
We have reached a price range where it will be decided whether or not we continue upwards. There´s a high likelihood of the price retracing from the 50% or 61.8% retracement (orange color). We will have to observe if it is a bearish or bullish move down when it happens.
As of now the current move up looks very bullish!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.